All Boards => Current Events => Topic started by: Oscar_LaVista on 02 09, 19, 05:42:24:AM



Title: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: Oscar_LaVista on 02 09, 19, 05:42:24:AM
MAGA-  cut taxes for the rich and big corporations- make everybody else pay for it, cut funding for those who really need help!!

Average tax refunds were down last week 8.4 percent for the first week of the tax season over the same time last year, according to the Internal Revenue Service. Dipping refunds are inflaming a growing army of taxpayers stunned by the consequences of the Trump administration’s tax law — and the effects of the partial government shutdown.

The average refund check paid out so far has been $1,865, down from $2,035 at the same point in 2018, according to IRS data. Low-income taxpayers often file early to pocket the money as soon as possible. Many taxpayers count on the refunds to make important payments, or spend the money on things like home repairs, a vacation or a car.

The IRS had estimated it would issue about 2.3 percent fewer refunds this year as a result of the changes in the federal tax law, according to Bloomberg. MSNBC reports that 30 million Americans will owe the IRS money this year — 3 million more than before Trump’s tax law.

“There are going to be a lot of unhappy people over the next month,” Edward Karl of the American Institute of CPAs told Politico. “Taxpayers want a large refund.” Some 71 percent of taxpayers received refunds last year worth about $3,000 on average, according to Karl.

Scads of taxpayers are complaining on Twitter that they have always received a refund — but now owe the IRS instead.

The number of refunds sent out by the IRS was also down — about 24 percent — as the agency struggled to get up to speed after the government shutdown. The agency sent out about 4.67 million tax refunds in the week ending Feb. 1, compared with about 6.17 million in the same period in 2018, according to IRS data.

This year’s filing season, which began two days after the shutdown ended on Jan. 25, is complicated because it’s the first after the 2017 tax law was enacted. Though President Donald Trump boasted that the new code would be so simplified that people could file their taxes on a postcard, that’s not the case.

In addition, the changes complicated payroll withholding, so that not enough money was withheld by employers in many cases, meaning that people now owe more taxes. The new law also capped IRS deductions for paid state and local taxes, including real estate taxes, resulting in a nasty surprise for many filers. Several other deductions are no longer allowed.

The frustrations will likely continue to fuel support for plans to boost taxes on the ultra-wealthy. A poll last month found that nearly 60 percent of registered voters support a plan by Rep. Alexandria Ocasio-Cortez to impose a 70 percent marginal tax rate on the portion of annual income that exceeds $10 million a year.

https://www.freep.com/story/money/personal-finance/susan-tompor/2019/02/08/early-tax-refund-amounts-smaller/2813134002/

this is how Trump reacted to the news-

(http://www.aesopsretreat.com/forum/richedit/upload/2k9708d09671.png)


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: D2D on 02 09, 19, 07:37:18:AM
https://www.wsj.com/articles/early-data-show-slower-start-to-tax-season-11549653138

That is because withholding was reduced!

Less withheld less refunded!

You are truly desperate!


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: dont-blameme on 02 09, 19, 08:59:51:AM
Have you noticed hoosier the ho gets worse with each passing day.


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: Oscar_LaVista on 02 09, 19, 09:00:51:AM
learn to read. 


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: wvit1001 on 02 09, 19, 09:02:21:AM
So withholdings were reduced.    You didn’t get an actual tax cut?   


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: dont-blameme on 02 09, 19, 09:08:29:AM
Lower tax rate means less will be with held, from each and every paycheck means the person can use the money each pay period instead of getting it at the end of the tax year. So yes they got a tax cut, so hoosier the working class are now among the rich and enjoying more money in their pocket right!


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: August West on 02 09, 19, 09:16:35:AM
Hoosier wasn`t asking for free stuff through tax cuts. Why don`t Republicans want to pay down the nation`s debt? They want free stuff obviously.


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: Oscar_LaVista on 02 09, 19, 09:16:56:AM
nope. everybody but the rich got played.  especially a whole large percentage of low info, not high school graduate workers like you. 

(http://www.aesopsretreat.com/forum/richedit/upload/2k3669867973.png)


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: dont-blameme on 02 09, 19, 09:23:51:AM
Why didn't your boy yobama pay down the debt instead of increasing it over 10 trillion dollars auggie poo?


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: Dan on 02 09, 19, 10:43:45:AM
DLH,

What do refunds have to do with how much you pay in taxes?  NOTHING!

Refunds measure only how much you OVERPAID!  Ideally, you want your refund to be zero.  Why give the government an interest free loan?


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: Dan on 02 09, 19, 10:47:49:AM
Quote
So withholdings were reduced.
[/HIGHLIGHT][/SIZE][/FONT]



Because tax rates were reduced, duh!

Quote
You didn’t get an actual tax cut?
[/HIGHLIGHT][/SIZE][/FONT]


They did indeed.  Learn to read.


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: Dan on 02 09, 19, 10:52:37:AM
Quote
everybody but the rich got played.
[/HIGHLIGHT][/SIZE][/FONT]



Really?  Then why did everyone BUT the rich in Democrat states get a tax cut?


Only high income earners in high tax Democrat states had to pay higher federal taxes ... Because of the elimination of SALT deduductions.


Please stop lying, DLH.


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: Local5th on 02 09, 19, 11:01:52:AM
You didn’t get an actual tax cut?   


We didn't get to keep our doctors and insurance either.

I upped what was taken out for federal taxes cause when the government gives with one hand they take with the other. It's not unique with president or party. It'w just the way it is. And typically it hits the middle class hardest.


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: Sadie402 on 02 09, 19, 11:34:17:AM
We told you. When Trump said you will “ see more money in your pocket immediately” he did it by lowering your withholding deduction. Not your taxes. You bought it! It is the responsibility of the taxpayer to adjust his/ her W-2 form as paychecks change. Not the government! They have no business at all deciding how much you want withheld. So stop whining suckers!

It is the old personal responsibility thingy .


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: JigSaw-II on 02 09, 19, 11:51:09:AM
Every year throughout my working days, I always got a refund, except twice.  I treated income taxes as a saving account.  I'd adjust my W-2 form accordingly then when I filled out my tax forms I made changes that would give me the best refund.  All legal by the way...


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: Truman62 on 02 09, 19, 12:08:02:PM
I got screwed this year.

After 4 years of a modest refund, I have to PAY $1000!!!

Humph, some reform.


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: dont-blameme on 02 09, 19, 12:33:48:PM
Good for you stupid62 I am proud of you for paying more to the government, now if your comrades would follow suit, you would be doing what you want everyone else to do and that is pay more to the government.


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: takncarabizniz on 02 09, 19, 12:34:33:PM
I always hated getting a big refund.  It means the government has had your money, interest free, all year.

We try and try to adjust to maximize our take home, but it seems like the rules change every year.

Not sure how we'll fair this year, I'm just getting around to collecting up all our paperwork.

I am still hoping we can introduce a flat or fair tax structure and simply do away with having to file. 


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: August West on 02 09, 19, 01:11:59:PM
You`re correct takn but every time someone makes that argument I ask them if they would have saved that 3 or 4K on their own and the answer is always the same. NO.


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: WWV10MHZ on 02 09, 19, 02:05:41:PM
Actually, people didn't adjust their payroll deductions to account for the lower tax tables and ended up without enough withheld
   which results in a lower refund.

DUH!!!!


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: Truman62 on 02 09, 19, 03:53:22:PM
How is it fair when I, a Middle Class American, am paying, and those millionaire/billionaires are all getting refunds?

Reform is giving ALL the money to those at the top!


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: Oscar_LaVista on 02 09, 19, 06:07:04:PM
imagine being so fucking stupid you believe a rich person paying 33% of his income, leaving almost a million free and clear, and them being so few in number  compared to everyone else, is somehow fair.....and could actually not put our country in even further debt....if the rich paid 33% and everybody else paying 33% of his income, leaving maybe an average of 35K a year to feed his kids, maintain or buy new cars, pay the mortgage, the property taxes, the health care costs, the clothes, the stuff that can go wrong at his house, basically, paycheck to paycheck, and how much that would impact our economy consumer spending wise...

the marginal rate for a tremendously UNFAIR FLAT TAX, would have to be higher than it is now for almost every american, especially the working poor and poor.  only dumbasses believe a fair tax is fair or POSSIBLE or SANE. 


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: Boddhissatva on 02 09, 19, 06:38:04:PM
I do taxes on the side seasonally. 

Thus far, I've seen the refund amount being pretty proportionate to last year. Some have gotten more back, others not as much.

The people making more usually claim the HOH status (doubled to 18K) and the 2K child tax credit have really benefited them.

The people who have been most detrimentally affected are single home owners who were able to itemize last year.

With the exemptions removed they have $4050 more taxable Income


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: Oscar_LaVista on 02 09, 19, 06:42:59:PM
that sounds right to me...another way of putting it is- if you are not rich, the odds are you did not benefit very much from the huge deficit causing tax cuts aimed at the rich and big corporations, the tax cuts that benefited trump and his family and his friends way more than the average taxpayer.  and leaves all the other taxpayers on the hook to pay for the increased debt and for the poor and disadvantaged to pay by having their funding cut to help pay for the rich to get tax cuts.

IT IS INCREDIBLY UNFAIR, REPUBLICAN BULLSHIT.  THAT REAGAN STARTED. BUSH CONTINUED, AND NOW TRAITOR TRUMP. 


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: D2D on 02 10, 19, 03:33:44:AM
In reply #4 Wvit says if tax rates are cut withholding should not be cut because the government needs the free money in order to further abuse Americans!


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: fun n games on 02 10, 19, 04:17:01:AM


.
That's ok after the Democrats put tRump in prison they will raise the top tax rate back to 70% and watch tRump shit in his pants in prison.






.



Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: D2D on 02 10, 19, 04:30:53:AM
Fun wants to destroy the economy!

Further proof Democrats want to restore Obama's war on jobs!


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: fun n games on 02 11, 19, 04:34:22:AM


.
tRump already started to destroy the economy last year with is Trade Tariffs with the rest of the world. We are just beginning to see the results with a slow down in the economy. By the end of June we will be in a recession.






.


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: Dan on 02 11, 19, 10:05:26:AM
If Trump destroyed the economy, why is it the best in 20 years?

Tax cuts to to those who pay taxes.

Everyone should pay their fair share.  Time for the poor to start paying.


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: sine-qua-non on 02 11, 19, 12:09:08:PM
Funny, our taxman says we are getting more back this year without any witholding adjustments, same as last year (http://www.aesopsretreat.com/forum/Smileys/classic/cheesy.gif)


Than you D. Trump (http://www.aesopsretreat.com/forum/Smileys/classic/107w9oy.gif)(http://www.aesopsretreat.com/forum/Smileys/classic/emo_hattip.gif)(http://www.aesopsretreat.com/forum/Smileys/classic/107w9oy.gif)

Sure don’t miss the affirmative action fraud POTUS !


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: WWV10MHZ on 02 11, 19, 12:24:14:PM
Ghetto-Boy.....

You need to EARN some money in order to get a refund!!!!

(https://www.frankblackwell.com/wp-content/uploads/Grand-Central-Shoe-Shine-Guy-1600-signed-city-portfolio-930x624.jpg)


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: D2D on 02 11, 19, 12:27:54:PM
Fun says America should be the only nation without tariffs on foreign goods!


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: Oscar_LaVista on 02 11, 19, 12:37:32:PM
quote author=Dan link=topic=273693.msg2327701#msg2327701 date=1549897526]
If Trump destroyed the economy, why is it the best in 20 years?

Tax cuts to to those who pay taxes.

Everyone should pay their fair share.  Time for the poor to start paying. (hilarious!! we need people with no disposable income to pay more!! that's the ticket!! god you are so incredibly stupid and fucked up in the head)
[/quote]


it is not the best in twenty years, lying danno.  it is going along the same general path as obama's was, and it is true that if the economy keeps moving upward it will be better than it was 2 years ago, dumbass. and 2 years from now- better than today!!  whoopee!!  you got that part right!! congratulations, stupid!!  but it is not the best in twenty years if you actually use percentage of increase from where trump started to where it is now.  it is not  even close.  that is like diaper dan wanting to give credit to Trump for there being more hernia operations last year than 20 years ago...WE HAVE MORE PEOPLE NOW, DUMBASS.  the economic indicators improved so much for Obama from where he started in the middle of the Bush Recession to when Trump took over, and under Trump it has continued but not at the same percentage increase at all, not even close, THEN IT STILL HAS TO BE BETTER THAN WHERE IT STARTED WHEN OBAMA TOOK OFFICE. 

trump's percentage of increase in good economic number is nowhere near where obama's were as this graphic clearly shows to someone who has any knowledge of math can understand, which leaves out diaper dan and almost every trump voter-

(http://www.aesopsretreat.com/forum/richedit/upload/2k47410c18a5.jpg)

(http://www.aesopsretreat.com/forum/richedit/upload/2ke48884d69c.png)


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: sine-qua-non on 02 11, 19, 12:45:43:PM
Barry almost destroyed America !


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: D2D on 02 11, 19, 12:48:24:PM
DOW on January 20, 2009 aka Obama's inauguration - - - - - -  7,949.09
DOW on January 20, 2017 aka President Trump's inauguration - 19,827.25
Total gains under Obama......................................11,878.16
Divided by 8 years for an average gain of 1,484.77 per year!

DOW on January 20, 2017 aka President Trump's inauguration - 19,827.25
DOW on January 18, 2019 aka President Trump's 2 year mark - 24,706.35
Total gains under President Trump.............................4,879.10
Divided by 2 years for an average gain of 2,439.55 per year!

S&P on Obama's inauguration was 805.22!
S&P on Trump's inauguration was 2,271.31!
Under 8 years of Obama the S&P grew 1,466.09!
That is an annual average growth of 183.26!

S&P on President Trump's inauguration was 2,271.31!
S&P on President Trump's two year mark was 2,670.71
Under 2 years of President Trump the S&P grew 399.40
That is an annual average growth of 199.71!

https://finance.yahoo.com/quote/%5EGSPC/history?period1=1484895600&period2=1548054000&interval=1d&filter=history&frequency=1d

NASDAQ on Obama's inauguration was 1,440.86!
NASDAQ on President Trump's inauguration was 5,555.33!
Under 8 years of Obama the NASDAQ grew 4,114.47!
That is an annual average growth of 514.31!

NASDAQ on President Trump's inauguration was 5,555.33!
NASDAQ on President Trump's two year mark was 7,020.36!
Under 2 years of President Trump the NASDAQ grew 1465.03
That is an annual average growth of 732.50!

https://finance.yahoo.com/quote/%5EIXIC/history?period1=1547881200&period2=1549004400&interval=1d&filter=history&frequency=1d

Average job growth under Obama is 0.78% per year!
Average job growth under President Trump is 1.55% per year!
Average job growth under President Trump is roughly double that of Obama!
https://www.thebalance.com/job-creation-by-president-by-number-and-percent-3863218

The workforce participation rate is 63.2 a high not seen since September of 2013 with an upward trend not seen since before Obama took office!

Remember, Democrats under Obama said the workforce participation rate would only decrease as boomers retire!

 
President Time Period    Start       End       Change Average
Barack H Obama 2009-01 - 2016-12 7.83 6.77 -1.06 8.83
Donald J Trump 2017-01 - 2018-12 7.30 5.81 -1.49 6.42
Notice misery under President Trump has decreased faster in less than two years than under Obama in eight!

President Trump's Misery index average is 2.41 lower than the average under Obama!

http://www.miseryindex.us/indexbyPresident.aspx

Only Dwight D Eisenhower had a lower average Misery Index since the end of WWII!f WWII!


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: Oscar_LaVista on 02 11, 19, 01:00:32:PM
the deficit blew up, stupid fuck, because of all the pyramid schemes and after market games by banks and lenders who went unregulated by the republican congress crashed when the housing boom ended in 2006.  what did a democratic congress do that changed any republican policy or outcomes in just a year, before the shit hit the fan, the dow started to sink, unemployment soared, states started going bankrupt from lack of revenue and the federal government deficit zoomed, you chickenshit liar?

and dvd does not know what stats mean.  he is an idiot.  all those numbers he used mean nothing except the economy has kept improving since obama left office BUT AT NOT NEARLY THE SAME PERCENTAGE INCREASE!!

here is a simple test to prove that, dvd..maybe even you can understand it-

according to your DOW numbers (and similar to the other markets) obama started at roughly 8000 and ended at roughly 20,000. right?  the ending number is 2.5 times greater than the beginning number, meaning it increased at about a 250% rate. 

for trump to match that, not be better but to match, since his DOW starting number was about 20,000, he would have to have an ending DOW number of 50,000, or 2.5 times higher..


THAT IS NOT GOING TO HAPPEN, STUPID.  IT HAS NOT COME CLOSE TO HAPPENING NOW. 


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: D2D on 02 11, 19, 01:20:22:PM
President Trump is far exceeding Obama on all the numbers that matter!

Sorry you cannot cope with that!


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: Dan on 02 11, 19, 04:57:08:PM
Quote
hilarious!! we need people with no disposable income to pay more!
[/B][/HIGHLIGHT][/SIZE][/FONT]



They don't pay anything now!  They are getting a free ride!  Time for them to start paying anything.  Fair is fair.


Quote
that's the ticket!! god you are so incredibly stupid and fucked up in the head)
[/B][/HIGHLIGHT][/SIZE][/FONT]


You mean I am intelligent and moral, dlh.  You have no logical arguments.


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: Dan on 02 11, 19, 04:58:11:PM
DLH doesn't have an honest bone in his body.


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: Oscar_LaVista on 02 11, 19, 05:26:18:PM
diaper dan when confronted with facts about how the economy today is actually a little below the obama economy increase, starts accusing his betters of lying...he remains a gutless liar afraid of the truth. 


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: D2D on 02 11, 19, 05:29:49:PM
I have already proven you wrong, Oscar!


Title: Re: Taxpayers Thank Trump for Less Refunds This Year & Lower Amounts
Post by: Dan on 02 11, 19, 05:37:43:PM
DLH is a liar.  Obama never had an economy this good.